Basics of a Mobile Home Insurance Policy - YouTube

hello I'm Dan Lyles with Lyles Insurance. and in this video we're going to go over the

basics of a mobile home insurance policy

there are six basic parts to a mobile home insurance policy and it's very

important that you understand these before you buy any type of mobile home

insurance number one is the most important dwelling coverage this is the

main part of your policy which actually covers your mobile home and anything

that's permanently attached to it and you don't want to skip on this level of

coverage you want to make sure it's adequate because it not only affects

your level of dwelling coverage but a percentage of it will also be based on

other important coverages I'm about to mention as well number two other

structures coverage this is for anything that's not permanently attached to your

mobile home examples would be sheds gazebos hot tubs things like that number

three is liability coverage and again this is very important coverage make

sure you don't go skip your levels of coverage on this this covers you if

someone else gets hurt or injured on your property liability coverage is very

important because they represent so many claims in fact one-third of all claims

come from just dog bites alone but there's other reasons somebody can slip

and fall break their neck things like that do not skip on liability coverage

number four is personal property coverage this pays you for any covered

loss on household items examples include furniture appliances

electronics clothing etc it's always good to have a video

inventory taken beforehand of these kind of items to help if you ever need to

file a claim number five is medical payments coverage and just like the

liability coverage I mentioned earlier this will cover you if someone else gets

injured on your property the difference between liability coverage and medical

payments coverage is that liability coverage is more intended for severe

injuries whereas medical payments coverage is

more for the minor injuries and thus the companies usually set these at low

levels usually between five hundred and a thousand dollars number six damage to

property of others this is where someone in your household causes damage to some

someone else's property for example let's say your child goes to

visit a neighbor and plays ball and accidentally throws a baseball through a

window these kind of things are covered under damage to property of others what

type of mobile homes are acceptable for mobile home insurance well the good news

here is they are very flexible besides a mobile home you can also ensure a

manufactured home a modular home even in some cases fifth wheel campers and

travel trailers although there are some conditions that apply with that

another important part I want to cover about mobile home insurance is

replacement cost coverage this is going to apply to those of you who owned a

newer mobile home with most companies as standard as 10 years or newer to qualify

and if you qualify for replacement cost coverage you can offer it a lot better

coverage than what normally is assessed which is actual cash value coverage so

if you can get replacement cost coverage believe me it's a no-brainer to take

that coverage you get higher coverage for very little extra premium and if you

qualify but your company doesn't offer the coverage then maybe you should shop

around for a better policy so I hope this video has given you a better

understanding of how the basics of mobile home insurance works if you'd

like some more information visit my mobile home insurance page I have the

link posted there and also for those of you who live in the states that I'm

licensed in Ohio Indiana Michigan Pennsylvania Virginia and West Virginia

if you'd like me to run a quote personally myself for you I'll be happy

to do so just click on the link fill out the information and I will get back with

you with great thanks for watching and have a great day